Bitcoin Basics Series – A 2017 Update. Part 6 of 6.

This content was originally published Aug 2, 2014 @ 17:37 and was updated Feb 28, 2017 @ 10:40. If you followed the advice of this series back then, you have done very well for yourself with regards to Bitcoin accumulation and wealth. If you were not privy to this information at the time, go back to the start at the Bitcoin Starter Guide and read it again. The information is timeless and will still serve you well if you follow it.

The “Bitcoin Basics Series” has remained unchanged with the exception of this page and two websites I referenced back then that are no longer around. Previously, Part 6 of 6 was a publication I did on one of those websites which is no longer around so I modified it to be a 2017 update on this series.

Once people started experiencing how to use Bitcoin and what it is all about, I showed them a timeless strategy I used in the Bitcoin Buying and Selling Guide that takes the emotion out of investing in Bitcoin because it really doesn’t matter what price you buy it at over time.

If you have followed this series and now have access to a Bitcoin wallet, buy some Bitcoin below using Changelly. If you still don’t have a Bitcoin wallet, go to CoinBase now and get one.

Some Bitcoin Statistics and What I Will Be Doing In Today’s Market:

In 2014, Bitcoin was hovering between a $500 and $800 cost per Bitcoin and volatility in price was at an all time high. Because of the wild swing in prices, I recommended using a strategy called “dollar cost averaging” which allows you to buy small amounts over an extended period of time. With Bitcoin hovering around $250 for almost the entire year in 2015, if you applied this strategy at that time, you have done very well for yourself considering the price as of this update (2/28/2017) is $1,195 per Bitcoin.

Because I am not a Financial Advisor, I cannot give you a recommendation on what strategy to use given the high price of Bitcoin right now. All I can say is that I will continue my daily activity of accumulating Bitcoin at websites that reward me for viewing ads like I have done since 2014. I will also continue to purchase some Bitcoin on price dips through Coinbase utilizing the “dollar cost averaging. strategy because it works over time and doesn’t stress me out. It’s also a strategy used by Billionaire investor Warren Buffett.

This content and subsequent training will be free of charge. However, if you wish to donate Bitcoins for the help provided, do so here…

Donation Address: 1AFoDcG1yyWfS4M7ettwJwFFVSDDQtwDpS

Disclaimer: The content provided on this website is solely for informational purposes and should not be interpreted as an offer to buy or sell. I am merely sharing strategies I have used in the past, that were not developed by me but taught by others, when it comes to investing. As with any investment, you should consult a licensed financial advisor prior to implementing any investment strategy. I am not a investment advisor, broker, or dealer and not liable for errors, omissions, or losses as a result of the use of this content.

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